Diageo had gone for merger given the fact that the Indian legal system gives mergers a better protection than it gives to takeovers. Amalgamation or merger has to have the High Court approval whereas takeover needs nobody's approval save compliance with the public offer mandate of SEBI takeover regulations at a price determined by the regulations. #SEBI#Vijay Mallya#Kingfisher#Diageo#United Spirits#United Breweries